Despite increased longevity, many people fail to save the funds necessary to support their retirement. In an attempt both to elucidate and remedy this failing, research exploring the ‘future-self continuity’ hypothesis has revealed that temporal discounting is decreased and saving increased when connections between one’s current and future self are strengthened. Here we explored the possibility that a basic component of mental imagery — spatial visual perspective — may be an important determinant of people’s decisions to spend now or save for the future. The results of two experiments supported this prediction. Rates of saving were enhanced when a distant-future event was generated from a third-person versus first-person vantage point, an effect that was mediated by visual bodily awareness during mental imagery.
|Number of pages||15|
|Journal||Self and Identity|
|Early online date||7 Dec 2016|
|Publication status||Published - 4 Jul 2017|
- mental imagery
- visual perspective
- intertemporal choice